Tag: Trade

China’s Foreign Minister Wang Yi vowed a “justified and necessary response” to any efforts to incite a trade war, in the country’s most forceful response yet to U.S. President Donald Trump’s threatened trade actions. A trade war would hurt both the actor as well as the intended target, Wang told a news briefing on the…

March 7, 2018NewNewsIDComments Off on Buy-the-Dip Believers Rejoice After White House Tries to Ease Trade Tension

Gary Cohn’s departure from the White House won’t end the bull market, at least not yet. The S&P 500 Index stormed back from losses of almost 1 percent to end little changed, as investors heeded a strategy that’s worked more often than not during the nearly nine-year bull run: Buy the dip. This time the…

Gary Cohn is resigning as President Donald Trump’s top economic adviser, leaving his post as the administration prepares to impose steep tariffs on steel and aluminum that Cohn has opposed. “It has been an honor to serve my country and enact pro-growth economic policies to benefit the American people, in particular the passage of historic…

WASHINGTON (AP) — President Donald Trump is embracing the potential for a trade war after announcing his intent to place tariffs on imported steel and aluminum, as he rebuffs allies who have pushed to be exempted from the stiff duties. The protectionist policy will be made official in the next two weeks, White House officials…

The man who runs China’s biggest consumer of American soybeans said he hopes his country will avoid a clash with the U.S. over trade, though his firm can line up alternative suppliers if necessary. “We hope that China and the U.S. will not have a trade war, which is also in line with the interests…

President Donald Trump set the stage for a trade war after slapping tariffs on steel and aluminum imports, daring other countries to retaliate and leading the European Union to warn that it would target iconic American brands. Hours after Trump tweeted that “trade wars are good, and easy to win,” European Commission President Jean-Claude Juncker…

WASHINGTON (AP) — President Donald Trump on Friday insisted “trade wars are good, and easy to win,” a bold claim that prompted pushback from a Nebraska Republican who quipped “kooky 18th century protectionism will jack up prices on American families.” Trump has declared that the U.S. will impose punishing tariffs on steel and aluminum imports,…

It was supposed to be a good year for Taoiseach Leo Varadkar. In January, for the first time since 2007, the Irish government—which was so savaged by the global financial crisis of 2008 that it was under the International Monetary Fund’s thumb until 2013—announced a budget surplus. Drastic survival tactics had paid off, including cutting […]